Aussie falls versus Yen before inflation report

Source: Bloomberg
Australia's Dollar fell for a second successive day against the Yen before inflation data this week that might initiate further interest rate cuts, decreasing demand for the country's assets. The Aussie lost 0.6% to 94.15 yen and traded at $1.0511 after earlier fetching $1.0486 January, the lowest since January 8. The New Zealand Dollar lost 0.8% to 74.85 yen and fell 0.1% to 83.57 U.S. cents.
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Mon, 21 Jan 2013 08:56:06 GMT

Gold slid in profit-taking, firm greenback

Precious metals except for silver snapped a four-day winning streak on profit-taking after weak consumer sentiment data from the US. Meanwhile, market players are likely to remain focused on the BoJ meeting, the Eurozone finance ministers' meeting and the US debt ceiling talks due this week.Gold retreated as investors locked in gains after the previous rally. Weak US consumer sentiment

Mon, 21 Jan 2013 10:42:03 GMT

Yen rebounds on BOJ 2-day policy meeting

Japan's currency recovered from the lowest level in 2 ½ years as the Bank of Japan two-day policy meeting commenced. The Japanese yen has declined 5.9% versus the U.S. dollar in the previous month amid speculation the BOJ will add stimulus to prop up the nation's economy. The Yen gained 0.5% to 89.61 per greenback after earlier trading at 90.25,

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